Arcadia Biosciences (RKDA) Reports Q3 Loss, Tops Revenue Estimates
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Arcadia Biosciences (RKDA) reported a Q3 loss of $0.87 per share, which was larger than the Zacks Consensus Estimate of a $0.77 loss. However, the company topped revenue estimates.
November 13, 2024 | 1:30 am
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Arcadia Biosciences reported a Q3 loss of $0.87 per share, missing the consensus estimate of $0.77. Despite the larger loss, the company exceeded revenue expectations.
The larger-than-expected loss per share is a negative indicator, but the fact that revenue exceeded expectations could offset some of the negative sentiment. This mixed result may lead to a neutral short-term impact on the stock price.
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